First Financial Statements From 2010 to 2025

FSLR Stock  USD 127.34  5.69  4.28%   
First Solar financial statements provide useful quarterly and yearly information to potential First Solar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Solar financial statements helps investors assess First Solar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Solar's valuation are summarized below:
Gross Profit
1.9 B
Profit Margin
0.3072
Market Capitalization
14.2 B
Enterprise Value Revenue
3.1309
Revenue
4.2 B
There are over one hundred nineteen available fundamental signals for First Solar, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to verify First Solar's prevailing fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 03/19/2025, Market Cap is likely to drop to about 4.2 B. In addition to that, Enterprise Value is likely to drop to about 5.7 B

First Solar Total Revenue

2.39 Billion

Check First Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Solar's main balance sheet or income statement drivers, such as Interest Expense of 40.8 M, Gross Profit of 2 B or Other Operating Expenses of 2 B, as well as many indicators such as Price To Sales Ratio of 4.26, Dividend Yield of 0.0 or PTB Ratio of 4.27. First financial statements analysis is a perfect complement when working with First Solar Valuation or Volatility modules.
  
Check out the analysis of First Solar Correlation against competitors.
To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

First Solar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.7 B12.1 B7.5 B
Slightly volatile
Short and Long Term Debt Total754.7 M718.8 M394.4 M
Slightly volatile
Property Plant And Equipment Net5.7 B5.4 B2.5 B
Slightly volatile
Cash1.1 B1.6 B1.3 B
Slightly volatile
Non Current Assets Total7.4 BBB
Slightly volatile
Non Currrent Assets Other760 M1.3 B992.1 M
Pretty Stable
Cash And Short Term Investments1.5 B1.8 B1.8 B
Slightly volatile
Net Receivables1.3 B1.3 B655.9 M
Slightly volatile
Common Stock Shares Outstanding94 M107.5 M98.3 M
Slightly volatile
Liabilities And Stockholders Equity12.7 B12.1 B7.5 B
Slightly volatile
Non Current Liabilities Total2.2 B2.1 B1.2 B
Slightly volatile
Inventory1.1 B1.1 B571.7 M
Slightly volatile
Total Liabilities4.4 B4.1 B2.3 B
Slightly volatile
Total Current Assets2.7 B5.1 B3.3 B
Slightly volatile
Property Plant And Equipment GrossB7.6 B2.9 B
Slightly volatile
Other Current Liabilities422.5 M556.2 M506.8 M
Very volatile
Total Current Liabilities2.2 B2.1 B1.1 B
Slightly volatile
Accounts Payable506.3 M482.2 M248.4 M
Slightly volatile
Short Term Investments163 M171.6 M474.2 M
Pretty Stable
Other Current Assets998.2 M950.6 M296 M
Slightly volatile
Other Liabilities1.4 B1.3 B714.1 M
Slightly volatile
Long Term Debt296.3 M373.4 M314.5 M
Very volatile
Short Term Debt262.2 M249.7 M65.1 M
Slightly volatile
Intangible Assets77.7 M54.7 M66 M
Very volatile
Common Stock91.5 K96.3 K10.2 M
Slightly volatile
Property Plant Equipment4.4 B4.2 B2.2 B
Slightly volatile
Common Stock Total Equity107.5 K121.9 K101.1 K
Slightly volatile
Good Will26.9 M28.3 M37.8 M
Slightly volatile
Current Deferred Revenue747.6 M712 M258.7 M
Slightly volatile
Net Tangible Assets5.1 B6.7 B4.9 B
Slightly volatile
Retained Earnings Total Equity2.4 B3.7 B2.4 B
Slightly volatile
Long Term Debt Total337.2 M271.4 M303.5 M
Pretty Stable
Capital Surpluse2.8 B3.3 B2.7 B
Slightly volatile
Long Term Investments2.4 M2.5 M110.3 M
Slightly volatile
Non Current Liabilities Other32.4 M34.1 M454.1 M
Slightly volatile
Deferred Long Term Asset Charges177.2 M117.7 M187.2 M
Slightly volatile
Short and Long Term Debt248.2 M236.4 M69 M
Slightly volatile
Net Invested CapitalB8.6 BB
Slightly volatile
Net Working Capital3.1 BBB
Slightly volatile
Capital Stock116.8 K123 K107.2 K
Slightly volatile
Capital Lease Obligations94.4 M109 M119.7 M
Pretty Stable

First Solar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating ExpensesB2.8 B2.5 B
Pretty Stable
Research Development200.9 M191.4 M120.6 M
Slightly volatile
Cost Of Revenue1.7 B2.3 B2.1 B
Pretty Stable
Total Operating Expenses325.9 M463.4 M367.8 M
Very volatile
Total Revenue2.4 B4.2 B2.9 B
Slightly volatile
Selling General Administrative232.4 M188.3 M221 M
Pretty Stable
Non Recurring18 M18.9 M141.7 M
Slightly volatile
Interest Income45.7 M89.1 M31.6 M
Slightly volatile
Reconciled Depreciation264.9 M423.5 M187.4 M
Slightly volatile

First Solar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
End Period Cash Flow1.1 B1.6 B1.3 B
Slightly volatile
Begin Period Cash Flow1.1 BB1.3 B
Slightly volatile
Depreciation444.7 M423.5 M241.2 M
Slightly volatile
Stock Based Compensation29.4 M28.1 M37.6 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.264.48382.9251
Slightly volatile
PTB Ratio4.272.36421.7855
Slightly volatile
Days Sales Outstanding81.9710974.6171
Pretty Stable
Book Value Per Share78.2774.546352.8279
Slightly volatile
Stock Based Compensation To Revenue0.00630.00670.0149
Slightly volatile
Capex To Depreciation4.243.60352.7215
Slightly volatile
PB Ratio4.272.36421.7855
Slightly volatile
EV To Sales4.064.26932.6088
Slightly volatile
Inventory Turnover2.062.16574.5691
Slightly volatile
Days Of Inventory On Hand17716995.1821
Slightly volatile
Payables Turnover4.634.870310.2268
Slightly volatile
Research And Ddevelopement To Revenue0.04320.04550.0397
Very volatile
Capex To Revenue0.350.36280.2085
Slightly volatile
Cash Per Share10.7116.754317.7043
Slightly volatile
Days Payables Outstanding45.7274.943638.8711
Slightly volatile
Intangibles To Total Assets0.00650.00680.0171
Slightly volatile
Current Ratio2.812.44973.4713
Very volatile
Tangible Book Value Per Share77.4673.770951.7369
Slightly volatile
Receivables Turnover3.173.33555.9539
Slightly volatile
Graham Number14914277.5502
Slightly volatile
Shareholders Equity Per Share78.2774.546352.8279
Slightly volatile
Debt To Equity0.170.09010.0826
Very volatile
Capex Per Share14.9714.26046.4853
Slightly volatile
Revenue Per Share41.2739.305631.0762
Very volatile
Interest Debt Per Share7.437.08014.2085
Pretty Stable
Debt To Assets0.05630.05930.0527
Pretty Stable
Operating Cycle292278172
Slightly volatile
Price Book Value Ratio4.272.36421.7855
Slightly volatile
Days Of Payables Outstanding45.7274.943638.8711
Slightly volatile
Company Equity Multiplier1.691.51981.4377
Very volatile
Long Term Debt To Capitalization0.04250.04470.0599
Slightly volatile
Total Debt To Capitalization0.07850.08270.0705
Pretty Stable
Debt Equity Ratio0.170.09010.0826
Very volatile
Quick Ratio2.421.92772.9546
Very volatile
Cash Ratio0.740.78051.3853
Very volatile
Cash Conversion Cycle213203131
Slightly volatile
Days Of Inventory Outstanding17716995.1821
Slightly volatile
Days Of Sales Outstanding81.9710974.6171
Pretty Stable
Price To Book Ratio4.272.36421.7855
Slightly volatile
Fixed Asset Turnover1.110.7771.5879
Slightly volatile
Debt Ratio0.05630.05930.0527
Pretty Stable
Price Sales Ratio4.264.48382.9251
Slightly volatile
Asset Turnover0.330.34690.4232
Slightly volatile
Gross Profit Margin0.460.44170.2795
Very volatile
Price Fair Value4.272.36421.7855
Slightly volatile

First Solar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap4.2 B6.3 B5.6 B
Slightly volatile
Enterprise Value5.7 B5.9 B5.2 B
Very volatile

First Fundamental Market Drivers

Forward Price Earnings7.2046
Cash And Short Term Investments1.8 B

First Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About First Solar Financial Statements

First Solar shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although First Solar investors may analyze each financial statement separately, they are all interrelated. The changes in First Solar's assets and liabilities, for example, are also reflected in the revenues and expenses on on First Solar's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue712 M747.6 M
Cost Of Revenue2.3 B1.7 B
Total Revenue4.2 B2.4 B
Stock Based Compensation To Revenue 0.01  0.01 
Research And Ddevelopement To Revenue 0.05  0.04 
Capex To Revenue 0.36  0.35 
Revenue Per Share 39.31  41.27 
Ebit Per Revenue 0.33  0.35 

Pair Trading with First Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

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Moving against First Stock

  0.34MX MagnaChip SemiconductorPairCorr
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.